National Construction Shortage
There is a big, BIG national construction shortage. What do I mean by that? The need for workers in the construction industry…or really any blue collar trade is a big opportunity right now.
Why Is This Happening?
The United States is currently grappling with a significant shortage of construction workers and tradespeople, a problem that is expected to worsen with the retirement of more Baby Boomers.
This shortage is largely attributed to the educational system in America, which tends to emphasize college education, often overlooking the valuable careers in the trades. Additionally, there is a prevailing cultural perception that trades jobs are somehow inferior, further discouraging young people from pursuing these professions.
This Is Concerning
What makes national construction shortage issue concerning for everyone is the inevitable impact on our finances. As the demand for construction workers rises and the supply diminishes, the cost of construction work is bound to increase.
This means that projects, whether they are residential homes or large infrastructure developments, will become more expensive. These rising costs will inevitably affect everyone’s bank accounts, from homeowners planning renovations to businesses constructing new facilities.
Furthermore, the shortage in the construction industry not only leads to higher expenses but also slows down the pace of projects. Delays in construction can have cascading effects on various sectors of the economy, potentially leading to job losses and reduced economic growth.
It’s a problem that goes beyond just the construction sites—it affects the overall health of the economy and, subsequently, the livelihoods of everyday citizens.
How Do We Fix This Issue?
Addressing this shortage requires a shift in our perspective. Encouraging young people to consider careers in the trades, providing comprehensive vocational training, and fostering a societal appreciation for these professions are essential steps.
By investing in the skilled workforce, we can not only bridge the gap but also ensure a stable and prosperous future for the construction industry and the economy at large.
Learn more about a career in the trades. Find and learn one HERE.
You can learn more about this issue by watching the video below or clicking HERE.